Topic: The future of cryptocurrency during this pandemic - page 8. (Read 973 times)
Cryptocurrency and blockchain technologies offer the community and opportunity to earn more than usual and digital currencies are more convenient than physical money and it is more safe to use online payments now because of this covid19 pandemic we need to avoid getting contact with each other. But there is no rush Bullrun will not happen in 24 hours it takes time and patience. By just using a cryptocurrency it is a way of supporting it. Remember Bitcoin has 21m supply and fiat is not determine they print when they want to what do you think is more valuable?
As long as crypto currency can be as an alternative way for traditional payment system and crypto will have a very bright future to be re-considered again as the best choice for the payment system. I heard that some countries have already tried to use crypto to replace their traditional payment system to avoid covid 19.
With the way things are been handled, i am left with the choice of believing that the real reason why this pandemic started is not yet revealed until the target is achieved. i don't want to believe that the African continent is the target because of unsuccessful birth-control or what people has been saying in the past. i just want to accept that something is going on underground.
in the case of a pandemic like this, it seems that fiat and crypto are at a disadvantage, if we see that the economy is also very down, especially in the crypto market if we see that prices have dropped significantly. but I hope that this pandemic vaccine can be found soon, so that economic recovery can be carried out.
Not sure if you are a native English speaker or at least understand some English but what you just wrote there is total gibberish.You can't compare fiat to crypto or stocks in this scenario. Thou the intended use of crypto is mostly as a payment get way especially BTC, but there has not yet been enough adoption for them and people owning cryptos mostly use them as a form of investment or for trade.
Well fiat is usually affected through inflation due to too much cash inflow but for the case of stocks and crypto, bitcoin in particular, the problem is their demand in the times of crisis where people are trying to cash out to fiat... That consequently leads to the fall in prices because everyone is trying to sell off.
So fiat and crypto/stocks/bonds etc don't have the same problems during the times of crisis.
in the case of a pandemic like this, it seems that fiat and crypto are at a disadvantage, if we see that the economy is also very down, especially in the crypto market if we see that prices have dropped significantly. but I hope that this pandemic vaccine can be found soon, so that economic recovery can be carried out.
at the moment there is a lot of speculation spread (cryptocurrencies will not survive etc.) because of the huge panic. I keep abreast of market updates and I think the future of the cryptocurrency during this pandemic will be okay, You don't panic like the general majority, all this panic will end soon..
The situation is getting worse in many many countries where this virus has just started, the only solution seems to be isolation and lockdown of cities but then again it is not an easy option for countries where people struggle to make a living as lockdown will mean no business or work of any sort, it is very serious condition and the world has to unite to win this.
There's fear and the fest has caused many people to covert to fiat and expect the correct situation in the world at large. There's is serious panic but to me I would say if one does not have mind to watch his or her bought coins dip so bad cause it will certainly do you just convert to USDT or fiat on the exchange but you may have to sell at lost but if one can just close his exchange app and forget the coins till it bounces back it would be so great too. Crypto market would surely come back but let's first hope this virus fades away.
The world is not just moving towards a health crisis but it is also moving towards a major financial crisis. The entire fiat market is resetting itself. If you look at any major stock market around the world, you will see only red everywhere. Cryptos should have provided a safe heaven during this time, but it also seems to follow the same trend more or less. So at this moment, nothing is really safe. Crypto can't really print on its own to support the crypto families during this testing times. Stay safe and stay at home! Our first priority is to save our own life. Money can come later!
My Simple understanding of the current economic situation is that whenever we see reds be it stocks, bonds or cryptos... It means there is a massive sell off and people are trying to cash out to fiat currencies which they can easily use or spend during a crisis.So there is nothing like Cryptocurrencies being a safe haven. We all know that most people who have bought cryptocurrencies are in there to make profits just like stocks. As soon as a crisis appears, they will try to cash out their profits and investments in order to get prepared for a crisis just like the current one.
The world is not just moving towards a health crisis but it is also moving towards a major financial crisis. The entire fiat market is resetting itself. If you look at any major stock market around the world, you will see only red everywhere. Cryptos should have provided a safe heaven during this time, but it also seems to follow the same trend more or less. So at this moment, nothing is really safe. Crypto can't really print on its own to support the crypto families during this testing times. Stay safe and stay at home! Our first priority is to save our own life. Money can come later!
i think the crypo world has clamored for this situation for a while. A world where the fiat system is no-longer stable. if not mistaken, i will say that the world is heading into a serious health crisis with what is happening in china, italy, spain and other parts of the world. many countries has promised their citizens of enough fiat funding printing more fiat money to support themselves.
What is the cryptocurrency family doing to support their own community at this perilous time.
What is the cryptocurrency family doing to support their own community at this perilous time.
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